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Intel (INTC) investors did not have much to cheer about this year, and to term 2024 a disappointing year would be quite an understatement. With a year-to-date loss of 58.5%, INTC is the second-worst performing S&P 500 Index ($SPX) constituent, trailing only Walgreens Boot Alliance (WBA).
The price action does not fully reflect the turbulence Intel experienced in 2024. On Aug. 2, the stock lost 26% to record its worst day in five decades and the second worst day ever. Intel also suspended its dividend while announcing massive job cuts after it posted disappointing earnings for the second quarter.